STR: Europe hotel performance for Q2 2018
 
STR: Europe hotel performance for Q2 2018
20 JULY 2018 8:29 AM

Europe's hotels saw occupancy increase 1.1% year over year to 75.5% in the second quarter. ADR rose 3.8% to €115.54 ($135.37) and RevPAR increased 4.9% to €87.20 ($102.17).

LONDON—Europe’s hotel industry reported positive results in the three key performance metrics during Q2 2018, according to data from STR.

Euro constant currency, Q2 2018 vs. Q2 2017

Europe

• Occupancy: +1.1% to 75.5%
• Average daily rate (ADR): +3.8% to EUR115.54
• Revenue per available room (RevPAR): +4.9% to EUR87.20

Local currency, Q2 2018 vs. Q2 2017

Dublin

• Occupancy: +0.2% to 89.6%
• ADR: +9.5% to EUR155.75
• RevPAR: +9.7% to EUR139.51

The absolute values for occupancy, ADR and RevPAR were each the highest for any Q2 in STR’s Dublin database. The ADR value was the highest for any quarter. According to STR analysts, Dublin’s already high occupancy levels have left little room for year-over-year growth. However, the market’s popularity as a destination and consistent demand for rooms continue to result in record-breaking performance.

Moscow

• Occupancy: +9.3% to 77.6%
• ADR: +78.9% to RUB9,731.73
• RevPAR: +95.5% to RUB7,549.57

The absolute performance levels were each the highest for any Q2 in STR’s Moscow’s database. Helped by a lack of significant supply growth and the obvious demand boost around the FIFA World Cup, the market exceeded performance expectations in June with a 206.8% spike in ADR to RUB17,029.19 and a subsequent 244.5% rise in RevPAR to RUB14,476.69. Saint Petersburg, on the other hand, saw June RevPAR fall 3.0% to RUB8,989.07 due to a 15.4% decline in occupancy.

Download STR's June 2018 global hotel review here.

International Media Contacts:

Alex Anstett
Marketing & Communications Executive
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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